Refrigerated Display Cases Glasses Market Growth Opportunities and Forecast till 2032
The Global Refrigerated Display Cases Glasses Market Size was valued at USD 8.1 Billion in 2021 and is anticipated to reach USD 13.1 Billion by 2032 with a CAGR of 5.7% from 2023 to 2032.
The Refrigerated Display Cases (RDC) Glasses Market is a rapidly growing industry due to the increasing demand for refrigerated display cases across various sectors, such as food and beverage, retail, and hospitality. The RDC glasses market involves the manufacturing and supply of glasses used in refrigerated display cases to enhance the visual appeal of the products and improve their storage life. The global RDC glasses market has witnessed substantial growth in recent years due to the increasing demand for refrigerated display cases from supermarkets, hypermarkets, and convenience stores. Additionally, the growing demand for energy-efficient display cases has also contributed to the growth of the RDC glasses market.
Parameter |
Refrigerated Display Cases (RDC) Glasses Market |
Refrigerated Display Cases (RDC) Glasses Market Size in 2022 |
US$ 8.1 Billion |
Refrigerated Display Cases (RDC) Glasses Market Forecast By 2032 |
US$ 13.1 Billion |
Refrigerated Display Cases (RDC) Glasses Market CAGR During 2023 – 2032 |
5.7% |
Refrigerated Display Cases (RDC) Glasses Market Analysis Period |
2020– 2032 |
Refrigerated Display Cases (RDC) Glasses Market Base Year |
2022 |
Refrigerated Display Cases (RDC) Glasses Market Forecast Data |
2023– 2032 |
Segments Covered |
By Type, By Application and By Region |
Refrigerated Display Cases (RDC) Glasses Market Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
Saint-Gobain, AGC Inc., Pilkington, Guardian Industries, Cardinal Glass Industries, Nippon Sheet Glass Co. Ltd., SCHOTT AG, Vitro Architectural Glass, Corning Incorporated, Sisecam Group, Asahi Glass Co. Ltd., Taiwan Glass Industry Corporation, Fuyao Group, Central Glass Co. Ltd. and Xinyi Glass Holdings Limited. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Refrigerated Display Cases Glasses Market Trends
· Technological advancements in RDC glasses: The increasing use of advanced technologies such as smart glass and anti-fog glass in RDC glasses is a key trend in the market. Smart glasses are capable of regulating the amount of light and heat entering the refrigerated display cases, reducing energy consumption.
· Increasing demand for energy-efficient RDC glasses: The growing awareness among consumers and businesses about the need for energy conservation has led to an increase in the demand for energy-efficient RDC glasses. This has led to the development of RDC glasses with low-emissivity coatings that can reduce energy consumption.
· Rising demand from the food and beverage industry: The food and beverage industry is the largest end-user of RDC glasses due to the need to display perishable goods. The increasing demand for packaged and frozen foods has led to a rise in demand for RDC glasses.
· Growth of organized retail: The growth of organized retail, particularly in emerging economies such as China and India, is driving the demand for RDC glasses. Organized retailers are increasingly using refrigerated display cases to improve product visibility and storage life.
Refrigerated Display Cases (RDC) Glasses Market Dynamics
· Increasing demand for luxury refrigerated display cases: The demand for high-end refrigerated display cases, especially in the hospitality sector, is driving the demand for RDC glasses with advanced features such as UV protection and soundproofing.
· Growing demand for customization: The growing demand for customized refrigerated display cases with specific design features is driving the demand for RDC glasses with unique sizes and shapes.
· Rising adoption of online retail: The growing trend of online shopping has led to an increase in the demand for RDC glasses that are suitable for e-commerce packaging and delivery.
Growth Slowing Factors
· Limited product differentiation: The lack of product differentiation in the RDC glasses market is a significant challenge for market growth. The products offered by various market players are similar in terms of features and specifications, making it difficult for manufacturers to differentiate themselves from their competitors.
· Fluctuating raw material prices: The volatility in the prices of raw materials used in the manufacturing of RDC glasses, such as glass, aluminum, and polymers, is a significant challenge for market growth.
· High installation and maintenance costs: The high installation and maintenance costs associated with refrigerated display cases are affecting the growth of the RDC glasses market. The cost of installation and maintenance of RDC glasses is significantly higher than that of traditional display cases.
· Dependence on the food and beverage industry: The RDC glasses market is highly dependent on the food and beverage industry. Any slowdown or disruption in the food and beverage industry can have a significant impact on the demand for RDC glasses.
· Fluctuating demand for seasonal products: The fluctuating demand for seasonal products, such as ice cream and frozen desserts, is a significant challenge for the RDC glasses market. The demand for RDC glasses fluctuates with the demand for seasonal products, leading to production delays and inventory management challenges.
· Dependence on imports: The dependence on imports for raw materials and finished products is a significant challenge for the RDC glasses market. The import-dependent nature of the market leads to supply chain disruptions and affects the profitability of the manufacturers.
Segmentation Overview
Type
· Single Glass
· Double Glass
Application
· Cake Shop
· Restaurant
· Supermarket
Regional Overview
The North American region dominates the global RDC glasses market, followed by Europe and the Asia Pacific. The growth of the North American market can be attributed to the increasing demand for energy-efficient refrigerated display cases and the presence of a large number of market players in the region. The European market is driven by the stringent regulations imposed by various regulatory bodies on energy efficiency and environmental sustainability. The Asia Pacific market is driven by the growing demand for refrigerated display cases from the food and beverage and retail industries.
List of Leading Companies
Saint-Gobain, AGC Inc., Pilkington, Guardian Industries, Cardinal Glass Industries, Nippon Sheet Glass Co. Ltd., SCHOTT AG, Vitro Architectural Glass, Corning Incorporated, Sisecam Group, Asahi Glass Co. Ltd., Taiwan Glass Industry Corporation, Fuyao Group, Central Glass Co. Ltd. and Xinyi Glass Holdings Limited.
Refrigerated Display Cases (RDC) Glasses Market Regions
North America
· U.S.
· Canada
Europe
· U.K.
· Germany
· France
· Spain
· Rest of Europe
Latin America
· Brazil
· Mexico
· Rest of Latin America
Asia-Pacific
· China
· Japan
· India
· Australia
· South Korea
· Rest of Asia-Pacific
Middle East & Africa
· GCC
· South Africa
· Rest of Middle East & Africa